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Daily Scoop 12-2

Daily Scoop 12-2

👋 Your Thursday Scoops - Square goes Block & more diversity issues at Activision

December 02, 2021

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Today's Scoop:Bounce

Big Picture

Fewer people were laid off last week than expected.
The government's on track to avoid a shutdown.
Corporate sales and profits continue to show strength.

The Market

⬆️

+1.4%

S&P 500: 4,577.10

1Mo:

-2%

| 1Yr:

+25%

| 5Yr:

+103%

Markets rebounded today after a volatile week of uncertainty around the new variant and economic policy. The arrival of the omicron variant to the US, combined with a hint from the Federal Reserve that stimulus might end sooner than initially planned, has shaken markets the last few days. Initial unemployment claims showed layoffs were lower than expected last week in the latest sign of a jobs market recovery. The House has agreed on a spending bill to sustain the government. Congress needs to settle before the weekend to prevent a government shutdown.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Square

goes full blockchain

Activision's

facing a diversity deadline

Toys R Us

returns from the ashes

General Motors

builds out batteries

Snowflake's

revenue avalanche

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

Blockchain is the technology behind bitcoin. People love the possibilities it allows because of the way the data is controlled and structured. Unlike a regular database, which might be stored in a single location, blockchain depends on a network of computers. There's no single party who controls the data. It's out there for everyone to see. Blockchain, like its name implies, stores data in blocks in a sequence like a chain. Instead of a table-like database (think of an Excel spreadsheet), which can be shuffled around, the chronological sequencing of data blocks creates unalterable permanence to transactions. Everyone helps verify a block and add it to the chain, and you can't go back and reopen one of the chain links.